The price of gold in Pakistan soared by almost Rs. 10,000 per tola in two days, hitting a new high of Rs. 219,000 per tola on Wednesday.
The sharp increase in the gold price was driven by a number of factors, including the ongoing political instability in the country and the depreciation of the Pakistani rupee.
Investors are increasingly viewing gold as a safe haven asset during times of uncertainty, and the recent political turmoil in Pakistan has only served to boost demand for the precious metal.
The depreciation of the Pakistani rupee has also made gold more affordable for local buyers.The gold price is expected to remain volatile in the coming days, but it is likely to continue to be supported by the ongoing political uncertainty and the weak rupee.